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Facebook Stock Hits New High After It Adds “Shops” Feature For Small Businesses Hurt By COVID-19

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deadline.com
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By Dade Hayes Finance Editor Facebook stock rose 5% on Wednesday to a new high of $228.20 after the company announced a new feature called Shops, a virtual mall designed to help businesses suffering during COVID-19.

Shops, announced Tuesday, will “make it easy for businesses to set up a single online store for customers to access on both Facebook and Instagram,” the tech giant said.

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